Brief: Salzgitter AG - Acquiring 100 Percent Of HKM

Salzgitter AG

09/07/2026 10:39

July 9 (Reuters) - Salzgitter AG SZGG.DE:
ACQUIRING 100 PERCENT OF HKM
SHAREHOLDERS SALZGITTER, THYSSENKRUPP STEEL, AND VALLOUREC REACH FINAL AGREEMENT
HKM BECOMES A WHOLLY OWNED SUBSIDIARY OF SALZGITTER AG
CLOSING OF AGREEMENT AND TRANSFER OF COMPANY SHARES ARE SCHEDULED TO TAKE PLACE LATER TODAY
COMING MONTHS WILL NOW BE USED TO COMPLETE INTEGRATION OF HKM INTO SALZGITTER GROUP'S STRUCTURES
THIS WILL BE ACCOMPANIED BY A RESTRUCTURING PROCESS -  EXPECTED TO BE COMPLETED BY END OF 2028 - THAT WILL REDUCE WORKFORCE FROM APPROXIMATELY 3,000 TO ABOUT 1,000
HKM'S SUPPLY CONTRACT WITH THYSSENKRUPP STEEL WILL EXPIRE AT END OF 2028, RATHER THAN AT END OF 2032 AS PREVIOUSLY PLANNED
Source text: ID:nGNE4RLRMx
Further company coverage: SZGG.DE

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